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MARKETS & INVESTING, STOCKS | Staff Reporter, Singapore

Published: 06 Jan 16

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Singapore stocks are extremely cheap, but there’s a catch

Slow growth justifies low valuations, experts say.

Singapore equities are trading at multi-year lows. The benchmark FSSTI is trading at 18% below its long-term mean price-to-earnings ratio and at a 30% discount to its long-term price-to-book valuation, but analysts from UOB Kay Hian warn that this cheapness might be justified given slower earnings growth.